Transcodium ICO : the new solution for the Transcoding industry

Warning : Before you invest in ICO, you have to understand that ICO are very high risk investment, don’t invest what you have afraid to lose in such investments .

Transcodium Platform aims to provide the first peer-to-peer decentralized file editing, transcoding and distribution platform with high quality and reliable computational power at a very affordable price.

This will create a global market for users, willing to rent their idle machines to be used as workers. Further, at the end of the processing, the worker (processor) will be rewarded with the TNS Tokens. The TNS token is the official UTILITY (not a Security, bond or share) token which is meant be used on the Transcodium Platform once the platform is launched.

1-Description of the ICO :

1-1 What is transcoding ? :

Transcoding is the process of converting from one file format to another desirable and compatible format.

Before your favourite social media platform or streaming site such as YouTube or Netflix makes a video available to you, they need to convert this video into multiple formats in
order to support different devices such as smartphones, laptop and desktop
computers, TVs and more .

Since each of them have different capabilities.Some videos might even fail to play over a slow internet connection, these type of videos will also need to be converted into a lighter format for a smooth streaming.

1-2- The idea behind the ICO :

Transcodium will provide APIs, Console and GUI Applications for
customers to aid in a rapid transcoding process. Before processing starts
for each transcoding request, the initiator (customer) will be provided with
the estimated cost for approval, once approved, the initiator’s wallet will be
debited for the processing to commence.
The file transcoding process includes two parties, master nodes, and
workers. Master nodes receive the transcoding request, they then split
large media files into chunks when necessary, encrypts these chunks and
forward them to workers.
Workers, on the other hand, are responsible for converting the file into the
new format. Any device can be a worker, but not a master node. A master
node must have a faster processing power and a strong internet
connection. A master node can also serve as a worker simultaneously.

Master nodes are rewarded with 20% of the transcoding cost whilst 80% is
shared amongst the workers. The master nodes are also responsible for
joining the chunks when needed.
Multiple master nodes may process the same request for the sake of data
loss. Master nodes have another opportunity to earn from the distribution
7 of the final output to multiple social media or storage platforms which the
initiator (customer) will be charged for .